WS #11546
Microsoft cuts 4,800 jobs (2.1% of workforce), with 3,200 from Xbox, citing unhealthy business and severe hardware crisis; Xbox margins 3-10x lower than peers. Criteo stock soars 29% on report of Vista Equity-backed takeover offer, a significant M&A event in ad tech. Hon Hai reports bigger-than-expected 40% Q2 sales jump, signaling no slowdown in AI infrastructure spending.
Microsoft massive layoffs and Xbox restructuring
Microsoft cuts 4,800 jobs (2.1% of workforce), with 3,200 from Xbox, citing unhealthy business and severe hardware crisis; Xbox margins 3-10x lower than peers.
Criteo stock soars 29% on report of Vista Equity-backed takeover offer, a significant M&A event in ad tech.
Hon Hai reports bigger-than-expected 40% Q2 sales jump, signaling no slowdown in AI infrastructure spending.